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Updated about 6 years ago,
Advice for New Investor who already has large capital
So I've ready more books than I can count, heard all the podcasts, read the articles, stalked the forums, etc. Classic I should have started investing a long time ago stuff. I know. I'm working on it. However, all this wasted time, along with an aggressive saver personality type has me standing at square one with a great deal of capital to leverage my start into a more accelerated journey if I play my cards right. I'm looking to make 2019 the year I finally get off my ***, and make something happen.
All that said, when I read all the 'getting started stuff' it seems tailored to a different audience than the one I'm apart of. I'm new to this too, and some of that certainly applies to me, but most of it focuses on no-money deals, high-leverage, wholesaling, and how to get good financing, and learning about real estate while you build up enough capital to graduate to BRRR, Fix/Flip, etc. This is a perfectly logical place to start, as most people have no money, no knowledge, and no resources. Makes perfect sense.
However, I've got a large pool of starting capital, easy access to financing, a good network of cash flush friends/family for private lending and partnerships, and live in a low cost / high cashflow area (Indianapolis). I'm not a expert by any means, but neither am I a beginner with my knowledge set. I've even had a successful investment property (+$600 cashflow monthly) in the past (burned down unfortunately).
All of this is to say, I've got a rolling start when I get my journey on the road. Yet most advice given to newbies is centered around getting them rolling rather than getting them running. So my aim, is to translate this advice, into something a little more tailored to my situation.
So my question is this...
if you were just starting out, but you had a large amount of capital available to you, how would you change/adjust your day 1 business plan/strategy to maximize your results? And how would you do that, without shooting yourself in the foot with inexperience? How would maximize this advantage to accelerate your journey?